Earning $15 an hour is the equivalent of $31,200 annually, if you assume the worker is scheduled 40 full hours a week for the entire year (which isn’t true for many low-wage workers). That is below what anyone needs to maintain a “modest yet adequate standard of living” in Nevada, according to a separate analysis done recently by the Economic Policy Institute.
This is Reno
March 25, 2022
According to findings from the Economic Policy Institute, the growth in worker productivity over the past seventy years hasn’t been mirrored by anything like a commensurate increase in wages. In recent decades, however, compensation for those now at the commanding heights of financial activity has ballooned — average Wall Street bonuses growing by an astonishing 1,743 percent since 1985 when adjusted for inflation (had the minimum wage grown at the same rate, it would currently be $61.75 rather than a meager $7.25).
Jacobin
March 25, 2022
According to the Economic Policy Institute, women earn 22 percent less than men, but grocery stores don’t charge women 22 percent less for groceries. Utilities don’t give us a break on our telephone, water or electricity bills because we are women and earn less. The pay gap contributes to women’s economic insecurity. When the pay gap is combined with the effects of COVID-19 on women’s employment, the result is a precarious existence for too many women.
Richmond Free Press
March 25, 2022
“There is sometimes a perception that the workers who would benefit from a higher minimum wage are mostly teenagers in their first jobs,” the authors of an Economic Policy Institute report wrote. “In fact, the data show that most of the workers who would benefit from a federal increase to $15 are older and full-time workers.”
Business Insider
March 25, 2022
In recent years, forced arbitration clauses have become standard in many employment and consumer contracts. How many? In 2019, a study by the Economic Policy Institute, the National Employment Law Project, and the Center for Popular Democracy documented that more than half of American workers were already bound to such contracts, and projected that if the trend continued, fully 80 percent of U.S. workers would be bound by those terms by 2024.
American Prospect
March 25, 2022
According to the Economic Policy Institute, the spending power of that $7.25/hour has already dropped dramatically since 2009. In 2021 dollars, $7.25 was more like $9.17 per hour in 2009.
News Nation Now
March 25, 2022
As You Sow further noted that CEOs’ pay gains are much higher in an analysis by the Economic Policy Institute.
Think Advisor
March 25, 2022
In Massachusetts, the state where Marx worked at the time, employers are now no longer allowed to present employees with non-competes agreements after they have already accepted a job offer. But states have wildly different levels of regulation around non-competes and across the country as a whole they are quite common. Around 50 percent of employers ask their employees to sign non-competes, with some variation across different industries and wage levels, according to a 2019 Economic Policy Institute report.
Bulitin
March 25, 2022
Features Elise discussing the gender pay gap.
WBAI New York
March 25, 2022
But already, the $15 minimum wage is soon to be less than what most workers need to sustain themselves. According to a new family budget calculator by the Economic Policy Institute, a progressive think tank, a full-time worker in the U.S. county with the lowest cost of living, Orangeburg in South Carolina, would need to earn $14.50 an hour.
The 19th
March 25, 2022